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Sears files for bankruptcy

Sears has filed for Chapter 11 bankruptcy following a multi-year battle to stay afloat amid steep declines in sales and customer traffic. The 125-year-old company, once the most iconic retailer in America, has seen its sales cut in half since 2014.

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‘Fixed income markets around the world are going to double’: JPMorgan’s Dimon offers a bold outlook and it’s a sign bond trading may soar again

BI PRIME: Dimon found himself talking about fixed-income trading after the firm mentioned heightened competition in its press release and then bond trading rival Citigroup reported third-quarter results that eclipsed Dimon's firm by the most since 2009, according to data compiled by Bloomberg.

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